This webinar aims to highlight the importance of protecting a business through insurance policies that cover debt, key personnel, business ownership, and employees. It discusses the risks of not having insurance for business loans, losing key salespeople, having an unclear ownership transfer plan, and not providing life insurance for employees. The presenter offers a no-obligation one-hour review for attendees to discuss how to keep their business protected and functioning in different risk scenarios.

1. In this webinar Simon Baldwin aims to highlight the importance of
protecting your business and he will show you how to keep your business
in business. Looking at Debt - Business Loan Protection, Key Person -
Profit Protection, Ownership - Share Protection and Family - Relevant Life
Plan.
There is a link at the end of this deck to the associated blog and
webinar recording.

2. Business
Protection
Simon Baldwin
Director of Simon Baldwin Financial
Planning Ltd
Associate Partner Practice of St. James’s
Place Wealth Management
The Associate Partner Practice represents only St. James’s Wealth Management Plc (which
is authorised and regulated by the Financial Conduct Authority) for the
purpose of advising solely on The group’s wealth management products and services, more
details of which are set pout on the Group’s website www.sjp.co.uk/prodcuts. The St.

3. Today’s Objective
• To highlight the importance of protecting
your business
• Show you how to keep your business in
business

4. What is Business Protection?
• Debt - Business Loan Protection
The policy proceeds are used to help pay off any outstanding loans the
business may have.
• Key Person - Profit Protection
The policy proceeds are paid directly to the business to be used to help replace
a Key Person and cover the loss of profits that may occur. The policy proceeds could
help the business to continue trading.
• Ownership - Share Protection
On the death of a business owner the policy proceeds are paid to the
remaining owners to buy the share of the business from the deceased's estate.
• Family - Relevant Life Plan
A tax efficient Death in Service benefit for employees or Directors of a
business. The policy proceeds are paid to the Trustees (employer) and the
benefit is written under Trust for the life assureds’ beneficiaries.
The level and bases of taxation and reliefs from taxation can change at any time. The
value of any tax relief depends upon individual circumstances

5. Debt - Business Loan Protection
• 57% of businesses have debt
• Average amount is £344,000
• 23% of this is credit card debt!
• Directors loan
Source: Legal & General State of the nation’s SME report, March 2015

6. Key Person - Profit Protection
• Your business may have 1 person responsible
for the vast majority of sales revenue
• What happens to the sales revenue if they
cannot work due to illness or accident for
months
• Or worse, if they die
• How long will it take to replace the key person?

7. Ownership - Share Protection
• Over 50% of business owners have not left instructions
of what happens to their shares in their Will
• 16% of business owners had no idea what would happen
to their shares & had never thought about it
• 20% acknowledged that their beneficiaries would
become active in the business
• Source: Legal & General State of the nation’s SME report, March 2015

8. Family - Relevant Life Plan
• Tax efficient life assurance plan
• Allowable business expense*
• Set up by the business for a director or an
employee
• Benefits paid to the family of director /
employee

9. Consider this..
• Who would pay the business debt?
• Who are the key people in your business?
• What would happen to your shares?
• Do you have life assurance, is it tax
efficient?
The level and bases of taxation and reliefs from taxation can change at any time. The
value of any tax relief depends upon individual circumstances

10. Consider this…
• Would you rather leave a business asset of
business debt to your family?
• If you were shown a way of maintaining the
sales revenue, for a small cost if this happened,
would you do it?
• Do you want your family to inherit the shares in
your business?
• Do you want to be able to provide for your family
if you die?

11. If you don’t take precautions
then you are vulnerable

12. How to keep your business in
business
• For all attendees of the webinar I’m
offering a no obligation 1 hour review
• Just send me a email with your contact
telephone number by close of business
tomorrow
simon.baldwin@sjpp.co.uk

13. Questions

14. BizSmart aims to help business owners of small
and medium sized businesses to create value and
scale their businesses through sound practical
business support by providing insight, Clarity
combined with a real determination to help you
succeed.
You can access webinars and presentations like
this and more besides through our SmartRoom
service here
You can read the associated blog and listen to a
live recording of this presentation by clicking here
You can read Simon’s profile here

15. •Need a sounding board for your ideas?
•Need to know what to prioritise?
•Want someone to challenge your assumptions?

16. BizSmart –
Where Smart people go to surround themselves with other
Smart people, to gain business success.